1/5/2020 Stocks mostly unchanged this week. I think it might just pull back starting next week.

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Happy 2020!

Below is the weekly chart of QQQ. I still think the index will retest the 190-195 zone before moving higher. The reason why I think we will move higher after dropping is that once indexes drop after explosive moves up, they generally continue to move higher after the pull back instead of beginning a new trend. 

QQQ Weekly 1_5_2020.JPG

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Published by bigfry

Hi, I’m Nathan. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020). Outside of trading/investing, I enjoy programming, teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU. I'm currently teaching Go full time, which has been the best job I could ever hope for. I'm also currently attending the App Academy bootcamp which started in January 2023.

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